During his presidency, Reagan relaxed at the ranch, horseback riding and clearing trails. And he liked to entertain world leaders there, including Queen Elizabeth and Mikhail Gorbachev. In 1989, doctors advised Reagan not to ride anymore after he was thrown by a horse and required surgery to drain fluid from around his brain. Now, friends say, his Alzheimer’s disease has progressed to the point where the ranch, much of which he refurbished himself, no longer seems familiar to him. The combined costs of maintaining the 688-acre spread and caring for her husband finally convinced Mrs. Reagan to The asking price: reportedly close to $6 million.